Following are the transactions occur 3) Paid $160,000 to sales and office employees as salaries and wages

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Following are the transactions occur

3) Paid $160,000 to sales and office employees as salaries and wages over the year. Accrued salaries and wages of $75,000 are payable in January 2024.

5) Unearned revenue of $5,000 was earned during 2023. The balance of unearned revenue (cash was collected during 2023) was $13,000 by the end of 2023

7) Paid $44,000 utilities expenses for the year 2023 and owed $4,000 payable in January 2024.

Record the journal entries for these?

Related Book For answer-question

Fundamental financial accounting concepts

ISBN: 978-0078025365

8th edition

Authors: Thomas P. Edmonds, Frances M. Mcnair, Philip R. Olds, Edward

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Posted Date: Apr 26, 2023 06:59 AM

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Following are the transactions occur 3) Paid $160,000 to sales and office employees as salaries and wages

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Salaries and Wages Expense 160000 Salaries and Wages Payable 75000 Cash 85000 To record salaries a... View the full answer

Fundamental financial accounting concepts

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